Why is Indiabulls Enter falling/rising?

As of 26-Aug, Indiabulls Enterprises Ltd is experiencing a decline in its stock price, currently at 17.59, reflecting a decrease of 0.65 or 3.56%. The stock has underperformed its sector by 1.75% today and has been on a consecutive downward trend for the last two days, resulting in a total return drop of 8.39% during this period. Although the stock has shown a positive return of 41.40% over the past year, it has a negative book value and a weak long-term fundamental strength, indicated by a high Debt to EBITDA ratio of 6.38 times and reported losses. The falling investor participation, with a significant drop in delivery volume by 61.06% against the 5-day average, further exacerbates the stock's negative momentum.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 2.51% over the past week while the Sensex has declined by 1.05%. Despite this short-term outperformance, the stock's year-to-date performance is notably poor, with a decline of 8.43% compared to a positive return of 3.39% for the Sensex. The overall market has generated negative returns of 3.87% in the last year, yet Indiabulls has managed to outperform significantly over the same period. However, the combination of negative financial indicators and a lack of investor confidence suggests that the stock's recent price movement is primarily driven by its underlying financial weaknesses rather than broader market trends.